Lee Sends Phillies Past Yankees as Series Favorite

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The Philadelphia Phillies moved past the New York Yankees to become bookmakers’ favorites to win the 2011 World Series, following reports that the team signed free-agent pitcher Cliff Lee, a two-time All-Star.

The odds on the Phillies winning the Major League Baseball title shifted overnight to 9-5 from 6-1, making Philadelphia the lone favorite, said Jeff Sherman, the assistant general manager at the Las Vegas Hilton’s sports book. The Yankees’ odds widened to 6-1, same as the Boston Red Sox, from 5-2.